Janney Montgomery Scott LLC Trims Stock Position in BlackRock TCP Capital Corp. (NASDAQ:TCPC)

Janney Montgomery Scott LLC lowered its position in shares of BlackRock TCP Capital Corp. (NASDAQ:TCPC) by 19.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,827 shares of the investment management company’s stock after selling 6,062 shares during the period. Janney Montgomery Scott LLC’s holdings in BlackRock TCP Capital were worth $225,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TCPC. McIlrath & Eck LLC purchased a new position in BlackRock TCP Capital during the third quarter valued at approximately $46,000. Pathway Financial Advisers LLC grew its stake in BlackRock TCP Capital by 729.0% during the third quarter. Pathway Financial Advisers LLC now owns 7,254 shares of the investment management company’s stock valued at $60,000 after acquiring an additional 6,379 shares in the last quarter. Quantbot Technologies LP purchased a new position in BlackRock TCP Capital during the third quarter valued at approximately $79,000. MeadowBrook Investment Advisors LLC grew its stake in BlackRock TCP Capital by 22.2% during the third quarter. MeadowBrook Investment Advisors LLC now owns 10,853 shares of the investment management company’s stock valued at $90,000 after acquiring an additional 1,970 shares in the last quarter. Finally, Verdence Capital Advisors LLC purchased a new position in BlackRock TCP Capital during the third quarter valued at approximately $100,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TCPC shares. Wells Fargo & Company boosted their price objective on shares of BlackRock TCP Capital from $7.50 to $8.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. StockNews.com raised shares of BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research note on Monday, November 18th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat.com, BlackRock TCP Capital currently has an average rating of “Hold” and a consensus price target of $9.00.

BlackRock TCP Capital Price Performance

TCPC stock opened at $9.21 on Thursday. The company has a debt-to-equity ratio of 1.34, a current ratio of 39.37 and a quick ratio of 39.37. BlackRock TCP Capital Corp. has a one year low of $7.71 and a one year high of $11.52. The stock has a market cap of $788.28 million, a PE ratio of -18.42 and a beta of 1.50. The firm has a 50 day simple moving average of $8.94 and a two-hundred day simple moving average of $8.86.

Insiders Place Their Bets

In other BlackRock TCP Capital news, President Jason Mehring acquired 4,500 shares of the stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average cost of $9.30 per share, for a total transaction of $41,850.00. Following the acquisition, the president now owns 19,914 shares in the company, valued at $185,200.20. The trade was a 29.19 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.16% of the company’s stock.

About BlackRock TCP Capital

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, small businesses, debt securities, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It typically invests in communication services, public relations services, television, wireless telecommunication services, apparel, textile mills, restaurants, retailing, energy, oil and gas extraction, Patent owners and Lessors, Federal and Federally- Sponsored Credit agencies, insurance, hospital and healthcare centers, Biotechnology, engineering services, heavy electrical equipment, tax accounting, scientific and related consulting services, charter freight air transportation, Information technology consulting, application hosting services, software diagram and design, computer aided design, communication equipment, electronics manufacturing equipment, computer components, chemicals.